The Economist - UK (2022-04-09)

4 Contents The Economist April 9th 2022

PEFC/16­33­

Registered as a newspaper. © 2022 The Economist NewspaperLimited.Allrightsreserved.Neitherthispublicationnoranypartofit maybereproduced,storedina retrievalsystem,ortransmittedinanyformorbyanymeans,electronic,

mechanical, photocopying, recording or otherwise, without the prior permission of The Economist Newspaper Limited. Published every week, except for a year­end double issue, by The Economist Newspaper Limited. The Economistis a

registered trademark of The Economist Newspaper Limited. Printed by Walstead Peterborough Limited

PublishedsinceSeptember 1843

totakepartin“aseverecontestbetween

intelligence, which presses forward,

and an unworthy, timid ignorance

obstructing our progress.”

Editorial offices in London and also:

Amsterdam, Beijing, Berlin, Brussels, Chicago,

Dakar, Dallas, Dubai, Johannesburg, Madrid,

Mexico City, Moscow, Mumbai, New Delhi, New

York, Paris, San Francisco, São Paulo, Seoul,

Shanghai, Singapore, Tokyo, Washington DC

Subscriptionservice

For our full range of subscription offers, including

digital only or print and digital bundled, visit:

Economist.com /offers

If you are experiencing problems when trying to

subscribe, please visit our Help pages at:

http://www.economist.com /help

for troubleshooting advice. 

To manage your account online, please visit

my.economist.com where you can also access 

our live chat service which is available 24/7. 

To call us, contact our dedicated service centre 

on 00800 771 12711 or +44 (0)203 868 6843.

PEFC certified

This copy of The Economist

is printed on paper sourced

from sustainably managed

forests certified by PEFC

http://www.pefc.org

Volume 443 Number 9291

Asia

45 Sri Lanka’s collapse

46 Pakistan’s political crisis

47 BanyanIndian autonomy

48 Korean tensions

48 aukusmissiles

China

49 Shanghai’s lockdown

50 Hong Kong’s next leader

51 Worries about food

52 ChaguanThe party studies

Soviet history

International

53 Mercenaries in Ukraine

Business

55 The headset race

57 Elon Musk’s Twitter habit

57 How mbas boost profits

58 Targeting Toshiba

58 Beijing warms to New York

59 Bartleby The secret of

hybrid working

60 SchumpeterBuy an ev,

boost globalisation

Finance&economics

63 Tight labour markets

65 The Fed and qt

65 America’s housing market

66 ButtonwoodStocks and

inflation risk

67 China’s real-time data

67 Banking in India

68 Sterling’s appeal

69 Free exchange

Experiments in China

Science&technology

70 How to meet global

climate goals

72 How brains age

72 Universal smells

73 The colourfulness of birds

Culture

74 The meaning of time

75 Californian fiction

76 Rule by strongmen

77 Home Entertainment

A radio pioneer

77 War reporting for children

78 JohnsonBeyond the

giga-zone

Economic&financialindicators

80 Statistics on 42 economies

Graphicdetail

81 Covid-19 has never spread faster than in Asia today

Obituary

82 Mario Terán, the man who killed Che Guevara